Topic: [ANN] BTCJam - Peer to Peer Bitcoin Lending - page 7. (Read 204978 times)

I have not tried out kraken yet, been pretty satisfied on BTC Pop...still trying to get the rest of my coin out of Jam without too much of a loss!

You do know that even with the "awards", you are probably still not going to ever recover your funds, right? 

FINALLY got a response from BTCjam Support about missing arbitration awards for loans with purchased notes -

JUL 08, 2016  |  06:37PM PDT
John replied:

Thank you for your feedback and for your email. The awards should be available after 90 days of the default. I forwarded your email to our team, which is working hard to make the awards available. Please remember to check on your Investments page! Thanks for being a member of the BTCjam community!

Best,
BTCjam Support Team

@TULKAS - You have to do better than that 

The arbitration awards are still worthless for collecting debts if I can't prove they are authentic, since the borrower could just say I created them myself and they don't owe me anything.

You could easily eliminate this problem by requiring Dhami Law Firm to digitally sign the PDF files for all arbitration awards issued by them. It's not rocket science anymore - JUST DO IT.

yes i remember the problem...in some listing you commented about it. this is somehow exactly what im experiencing. "talking to a wall"
i may be still investing into 60days term loans now but im STILL collection all my payments and hope to leave btcjam very soon. rather making trades on kraken...
and yes they just wait untill you "finally decide its not worth it"...is a shame what they do!!!

@PM...I am pretty sure BTCJam took off with a fair amount of my Note sales which were not credited but because I cannot decipher their accounting statement it is like talking to a wall each and every time I submitted a claim. Because the Note sale disappears from the accounting it becomes as if you never owned the Note after the sale...even though I still receive new comments on those Notes which shows at one point I must have had a stake! After getting no help at all I finally decided it was not worth it anymore, these guys are turning slowly from fraudsters into pure criminals. 

It is time to start compiling all the problems and falsifications coming out of BTCJam into an organized file and submit a complaint to the appropriate  oversight authority...BTCJam is becoming as bad as the scammers who infest their site!

Just posted this comment on all my defaulted loans with awards from Dhami Law Firm -

Lawyer Kevin Palley (enforcemyarbitrationaward.com) and I tried several times to ask Dhami Law Firm to verify my arbitration awards are authentic, but no one at Dhami Law Firm responds to e-mails or phone calls. Also unable to download awards for any defaulted loans where I have notes, and BTCjam support ignores my emails about the problem. If you're as p*ssed as I am about getting ripped off and ignored, then WRITE to BTCjam and ask them to get Dhami Law to authenticate our otherwise unenforcable arbitration awards, which are NOT digitally signed by Dhami Law Firm!

It looks like Dhami Law Firm is just as dodgy as BTCjam! 

Even fiat P2P lending service such as Lending Club is not surefire way to make money http://www.altfi.com/article/2081_lending_club_fund_hit_by_first_negative_month,
Given Bitcoin's notorious volatility, you have to consider how many ppl are willing to pay 400 dollars for the 200 dollars that they borrowed a month ago.

I've invested using this site and I'm losing 10%. I've used autoinvest with low risk setting.
Draw your conclusions.

i can say most of then the user are scammer an i invested in one user who need ti for cloud mining for 180 days and pay back using good interest ..but suddenly they gone out of it and not paying us .and btcjam don't have taken any action to stop this type of user ..so no sure it this site will be run in long run

i guess it would matter on your decision making because of course you have to study btc price first before you decide whether you will be investing some amounts or to hold on

Good, karma is a bitch, eh? 

btcjam has the most incompetent support ever!!!

could go on and on with telling why but i stick to one example:
i ve invested into a loan....the loan wasnt funded in time. so usually ou get reimbursement for the listing and the coins back to your account. so far so good. ive waited for days because the listing status was "processing"....i wrote support and asked when i will get the coins back...they answered: "it takes up to 30 min for transactions to appear and at least 3 confirmations bla bla and i need to check blockchain for my transaction" i was like "did you even read my mail...?"
so i explained it word by word like to a child...ok they tell me i need to wait because of the processing. my question about when i can expect the coins wasnt answered. anyway...at day 5 or so i had the message on the btcjam dashboard that ive been reimbursed for a listing that wasnt funded...i thought great, getting my coins back from the listing. checked the listing and it wasnt in status of processing anymore. but no coins arrived on my account...i checked the tranaction list of btcjam and there just is NO return from this listing. this was on june 16th!!!!!
im still waitng for the coins!

so i wrote btcjam support that i have this message about the reimbursement but no coins.....you wont believe they told me:
"it takes up to 30 min for transactions to appear and at least 3 confirmations bla bla and i need to check blockchain for my transaction"
yes really after a week of mailing they just answered like they did in the first mail...like nothing ever happened and ive not already been in communication about this issue. i was mad. its not about much coins its about the principle.

so i explained AGAIN what my problem is and that the coins just dont arrive at my balance/account. and why am i supposed to wait for weeks and still nothing. well then i commented question this on a listing...it was delated of coarse. not allowed to say anything bad about btcjam even if its tru they jut silence it and act like alll is good.

well now im still waiting on the coins and at some point when the transactions in the btcjam list increase it prob wont be able to proove or tell that im missing coins. they just streach it out til i stop asking. thats my opinion. im collecting coins and getting out of btcjam...i can only tell everyone not to join btcjam...terrible site and support. just a rip off!!!

may be my opinion and yes btcjam has alot of great users too so thats what is positive but all together with the new policy changes its Bullcrap

btcjam is dumb

lost half of my bitcoins with their "autoinvest"

their return estimates are fabricated

Well thank you for the advice i hold on to that even if i have a very tiny amount of bitcoin
Right now . I guess i am just going to keep earning and hold it for now

Just hodl your coins right now. The halvening is coming, and there is no telling what is going to happen, so you may lose more than you gain because the loans are based on btc price at time of lending, so whatever earnings you get or don't get are based on that set price at the time. bad idea, imo, not now anyhow. Plus, they selectively ignore customers with problems. Good luck.

i am planning to invest some of my btc amount in btc jam but after reading some comments it makes me realize to think more about this service what do you think is it a bad idea to invest in btc jam right now? because i have seen them partnering one of the trusted  btc wallet in our country thats why i was encouraged to invest some amounts.

it's called selective scamming. It's what they do.

Same problem here - when I send them reminder mails they just ignore them.

same problem for me.....support system not reply me....